TrustToken and TrueCoin Pay $700K to Settle SEC Claims of Investor Fraud

TL;DR Fraudulent Claims: TrustToken and TrueCoin falsely marketed TrueUSD (TUSD) as fully backed by U.S. dollars while investing in a risky offshore fund. SEC Settlement: Both companies agreed to pay $163,766 each in civil penalties, with TrueCoin also paying $340,930 in disgorgement and $31,538 in interest. Investor Protection: The SEC emphasized the importance of registration to ...... source: https://crypto-economy.com/trusttoken-and-truecoin-pay-700k-to-settle-sec-claims-of-investor-fraud/